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Dec 20, 2012
12/12
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washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get bailout at some point you i'm raid we'll bail out bankrupt pensions systems of california, illinois and some other states in effect copying the greek-french model of economic governance. melissa: yeah. >> it is bad news across the board but definitely bad policy as well because when you reward bad behavior, anybody who has kids knows, what do you get in the future? more bad behavior. melissa: how should we really deal with this from a serious perspective? i'm not in favor of bailing out these agencies. the post office example, let it go bankrupt. let pa of its services go private. somebody could come in, th should be a private equity turn around where you cut costs l
washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get bailout at some point you i'm raid we'll bail out bankrupt pensions systems of california, illinois and some other...
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Dec 14, 2012
12/12
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have a safe trip back to washington. >> thank you. adam: more than 180 of the nation's top economic mind are joining together for a common cause. they're warning congress that raising taxes on anyone, on anyone, as part of a fiscal cliff deal would have devastating consequences to the american economy. so will d.c. hear that message? joining me for more on this, the man behind the campaign the executive vice president of the national taxpayers union. and a economist with pioneer investment. sam, let's start with you. we keep hearing if you tax the wealthy it really doesn't have a negative impact because one, the wealthy take their tax refund and save them. they don't spend them. is that not accurate? what is the negative implications of taxing the wealthy? >> i think anytime you take money away from anybody they are obviously going to have less money. the question whether the wealthy spend their money or save it, i think that is a tough question to answer, because if you look at where people will be taxed, a lot of people will be spen
have a safe trip back to washington. >> thank you. adam: more than 180 of the nation's top economic mind are joining together for a common cause. they're warning congress that raising taxes on anyone, on anyone, as part of a fiscal cliff deal would have devastating consequences to the american economy. so will d.c. hear that message? joining me for more on this, the man behind the campaign the executive vice president of the national taxpayers union. and a economist with pioneer...
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Dec 22, 2012
12/12
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it has been a tumultuous day in washington. both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with sete democratic leader harryeid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the christmass3 holiday. the president plans, is planning to go to hawaii for christmas with his family. speaker boehner has left town. gone back to ohio. for the holiday. the senate is expected to come back on, on december 27th, the thursday next week, which is the earlit that they would be expected to get back to work on thi
it has been a tumultuous day in washington. both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with sete democratic leader harryeid who came down here to try to talk with the president with some...
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when was last time in washington 10-year spending projections actually came in at or low what the projections wewere met to be it never happens. sames true o the revenue side wit taxes. i think the numbers we're lang out here are probly the quote, uuote best-case scenario terms of what could actually hapn. just in terms of the pure math. not in terms whether or not it is good poli, just in terms of pure math. one reason going over t cliff looks more attractive in terms of bottom line numbers because there is that huge tax number now, there are all sorts of reasons beyond that --. melissa: w i that, to ise that much revenu a gi it to the government? i don't understand why that is apaling? >> it is not aealing to me. melissa: okay. >> it would ap peelin from a math perspective because the number is bigger. but th proem is the number won't that big no matter what happens. you can talk about dynamic scorin look atifferent ways revenue won't be revenue it is projected t be. you're talking about something that would do tremendous dage to the domestic economy. evybody agrees with this. president ama
when was last time in washington 10-year spending projections actually came in at or low what the projections wewere met to be it never happens. sames true o the revenue side wit taxes. i think the numbers we're lang out here are probly the quote, uuote best-case scenario terms of what could actually hapn. just in terms of the pure math. not in terms whether or not it is good poli, just in terms of pure math. one reason going over t cliff looks more attractive in terms of bottom line numbers...
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call it the washington inquisitions. we are getting ripped apart. tomorrow the governor that disagrees and pat buchanan david: money with melissa francis is next. >> i'm melissa francis and here's what's "money" tonight. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks t for e right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleedin
call it the washington inquisitions. we are getting ripped apart. tomorrow the governor that disagrees and pat buchanan david: money with melissa francis is next. >> i'm melissa francis and here's what's "money" tonight. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>>...
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they can't speak out against washington because they get punished for that. they have the health care costs coming down. everyone's taxes are going up. they have to nd ways to make ends meet. i think the fact that ibm is even still matching at all and didn't do away with the whole program is amazing. >> kudos to ibm here's a company not only is the stock doing well they pay contribute, 10% of an employees income to retirement fund. that is called being aood employer. you know what? employment is like that. has to be mutually beneficial. good for the employer and good for the employee. jim is the best example when companies let compensation costs get out of hand. they're keepin their books in order. i wish washingn could do the same thing. melissa: let's keep wishing for that. stick around. we have much more with the power panel. could the platinum coin, there it is, the platinum coin in jonathan's hand be the solution to our debt woes? it sound insane. >> alchemy. melissa: could be worth a trillion dollars. it is getting real traction. that is not crazy. is t
they can't speak out against washington because they get punished for that. they have the health care costs coming down. everyone's taxes are going up. they have to nd ways to make ends meet. i think the fact that ibm is even still matching at all and didn't do away with the whole program is amazing. >> kudos to ibm here's a company not only is the stock doing well they pay contribute, 10% of an employees income to retirement fund. that is called being aood employer. you know what?...
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lauren: number one thing is watch next week is washington, d.c. as we move closer and closer to the fiscal cliff everyone will be keeping an eye out on a big deal or could we see a big tax hike. only three weeks before we possibly go over. david: wonder if we trade the guns to avoid a deal for the fiscal cliff. lauren: you're onto something. david: maybe. i don't think they would go for that. "money" with melissa francis is coming next. melissa: i'm melissa francis. here is what is money tonight. a huge break through for u.s. natural gas. a key government study could open the door for exports and create a boom for the economy. the only thing standing in the way though is president obama. we'll drill down with a natural gas company's ceo. >>> plus fighting crazy with crazy. could two plat nurm coins worth a trillion dollars each solve our debt crisis? is it as nuts as it sounds? bear with me here, people. our "money" power panel will break it down. >>> are plastic bags on the way to extinction. they're completely banned in two cities. chicago wants
lauren: number one thing is watch next week is washington, d.c. as we move closer and closer to the fiscal cliff everyone will be keeping an eye out on a big deal or could we see a big tax hike. only three weeks before we possibly go over. david: wonder if we trade the guns to avoid a deal for the fiscal cliff. lauren: you're onto something. david: maybe. i don't think they would go for that. "money" with melissa francis is coming next. melissa: i'm melissa francis. here is what is...
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Dec 19, 2012
12/12
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tomorrow will ross why he is worried about these talks in washington. and creative ways to hike taxes but no clear ways to cut spending. cut him out. resolution melissa: i'm melissa francis and here's what's "money" tonight. instagram outrage. the popular photo sharing site says they're going to sell your pictures without paying you or even telling you. use, are already jumping ship. we'll tell you how this affects you and your money. >>> plus will this be the first republican controlled house ever to raise taxes? business mogul steve forbes willoin me in a fox business exclusive to break it all down. >>> the dire warning for you and all of your savings today. hackers are planning to clean out your bank account. the former deputy director of the national security agency is here with all the details so yo can hang on your sh. even whethey say it's not, it is always about money. melissa: all right. first let's take a look at the day's market headlines. other day of gins on wa street. stocks soared for the second day in a row. the dow closed up 115 points
tomorrow will ross why he is worried about these talks in washington. and creative ways to hike taxes but no clear ways to cut spending. cut him out. resolution melissa: i'm melissa francis and here's what's "money" tonight. instagram outrage. the popular photo sharing site says they're going to sell your pictures without paying you or even telling you. use, are already jumping ship. we'll tell you how this affects you and your money. >>> plus will this be the first...
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Dec 18, 2012
12/12
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black comedy from washington. melissa: what did you think of what you saw today? >> what you see is the speaker is trying to surrender and white house won't accept it. they keep raising the ante a year and a half ago. summer of 2011, debt ceiling crisis. boehner made a huge offer his caucus would have rejected it and had a hard fight and white house slapped him away. melissa: a lot of people are saying speaker boehner is negotiating but who he really speaking for? he may not have enough support to drive home whatever deal he is making. we could see that with this plan b out there. does he have support of his own party in the house to raise taxes? >> i think he talked to house leaders after the election, said, hey, look what the results were. even if he feels part of the caucus, democrats if they go along with this will supply votes to win. as you see the white house still wants more and more and more and they're not giving him a fig leaf to go back to his caucus in reforming of entitlements and things like that. melissa: yeah. you definitely get a sense all they'r
black comedy from washington. melissa: what did you think of what you saw today? >> what you see is the speaker is trying to surrender and white house won't accept it. they keep raising the ante a year and a half ago. summer of 2011, debt ceiling crisis. boehner made a huge offer his caucus would have rejected it and had a hard fight and white house slapped him away. melissa: a lot of people are saying speaker boehner is negotiating but who he really speaking for? he may not have enough...
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Dec 29, 2012
12/12
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it is not honest budgeting in washington. these are ideas that have come about basically as democrats and republican haves to throw the spending together at the end of every year. adam: we have about a minute before the president will start speaking the spending cuts that are on the table, there are a lot of people say that is enough to put the economy into recession. is that going to keep the democrats from possibly approving this deal? >> depends on the spending cuts. right now you're talking about $94 billion in what is known as the sequester. that is just for next year alone. automatic spending cuts to have to defense, half into other domestic discretionary spending. that combined with the tax increases yes, the con aggressional budget office says yes enough to put us into recession. adam: very quickly, what do you expect to hear from the president? is there anything he says that will especially get your attention? i know that you will be paying attention but will that perk your ears up? >> any type of optimism he expects
it is not honest budgeting in washington. these are ideas that have come about basically as democrats and republican haves to throw the spending together at the end of every year. adam: we have about a minute before the president will start speaking the spending cuts that are on the table, there are a lot of people say that is enough to put the economy into recession. is that going to keep the democrats from possibly approving this deal? >> depends on the spending cuts. right now you're...
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Dec 18, 2012
12/12
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>> unfortunately party of one doesn't get much done in a place like washington. you need grassroots to rise up in this country. we've had enough. you're broke. you're spending money we don't have. get serious about this and knock off all the christmas tree type bill proaches. melissa: matt mayer, thanks for coming on and breaking it down for us. >> thanks for having me. melissa: nex on "money", it could be the answer to all your airline travel costs once and for all. one companythinks they have got it. we'll bring you the new details on the new flight plan next. at the end of the day it is all about money and carry-on luggage .so as you can see, geics customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte w
>> unfortunately party of one doesn't get much done in a place like washington. you need grassroots to rise up in this country. we've had enough. you're broke. you're spending money we don't have. get serious about this and knock off all the christmas tree type bill proaches. melissa: matt mayer, thanks for coming on and breaking it down for us. >> thanks for having me. melissa: nex on "money", it could be the answer to all your airline travel costs once and for all. one...
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you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers yo
you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get...
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Dec 17, 2012
12/12
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>> unfortunately party of one doesn't get much done in a place like washington. you need grassroots to rise up in this country. we've had enough. you're broke. you're spending money we don't have. get serious about this and knock off all the christmas tree type bill approaches. melissa: matt mayer, thanks for coming on and breaking it down for us. >> thanks for having me. melissa: next on "money", it could be the answer to all your airline travel costs once and for all. one company thinks they have got it. we'll bring you the new details on the new flight plan next. at the end of the day it is all about money and carry-on luggage melissa: we have breaking news right now. let's go right to adam shapiro for that. >> we heard senator daniel inouye from hawaii has passed away. he would have been the longest serving senator in the united states if he lived just two more years. he passed away with his family by his side. his last words were aloha. recently he was asked by a reporter what he wanted to be remembered by and he said, quote, i represented the people of hawa
>> unfortunately party of one doesn't get much done in a place like washington. you need grassroots to rise up in this country. we've had enough. you're broke. you're spending money we don't have. get serious about this and knock off all the christmas tree type bill approaches. melissa: matt mayer, thanks for coming on and breaking it down for us. >> thanks for having me. melissa: next on "money", it could be the answer to all your airline travel costs once and for all....
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Dec 27, 2012
12/12
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and very large tax increases out of washington? >> i think the heightened uncertainty about what the rules of the game are actually going to be next year has caused a decline or at least a slowing of capital investment. i think you see that in the data, in the third and fourth quarter and also in hiring. i think you're seeing maybe between one and two million fewer people hired in this recovery because of the heightened level of economic policy uncertainty coming out of washington. adam: steve hayes, i'm curious. we saw what happened in the market today. you had harry reid this morning saying we'll probably go over the cliff. we were down triple digits. then you had the announcement the house would reconvene. we almost rebounded. only closed down 18 points. where is all this going? i think the american public is ready to throw all of them into a room and lock the door and light a match. >> i'm with the american public on that. it's bad and what people come to expect from washington and to a certain extent i think i agree with both
and very large tax increases out of washington? >> i think the heightened uncertainty about what the rules of the game are actually going to be next year has caused a decline or at least a slowing of capital investment. i think you see that in the data, in the third and fourth quarter and also in hiring. i think you're seeing maybe between one and two million fewer people hired in this recovery because of the heightened level of economic policy uncertainty coming out of washington. adam:...
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Dec 13, 2012
12/12
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soon they will not be able to sell pot, it is coming legal to the states, baby, you have colorado, washington state. melissa: you just need a credit card. >> right. >> how stoned were they to come up with this idea, they were sitting around, say i know let's fire it in a canon across the border it sounds like a great idea. melissa: that is entrepreneurialism. >> where there is a will there is a way. melissa: today's date is 12/12/12, the last time we'll see a triple date for 89 years, num errol gists say this is a great day to start a new business, and get married, the wedding chapels in vegas have been overrun with people, good luck to you, and what about those lucky people born to 12/12, like yours truly. >> happy birthday. >> it is liz claman's birthday as well. >> you are the single post famous people born on 12/12 i would imagine. melissa: frank sinatra is davis, and bob barker, he is super famous. >> is he still alive.
soon they will not be able to sell pot, it is coming legal to the states, baby, you have colorado, washington state. melissa: you just need a credit card. >> right. >> how stoned were they to come up with this idea, they were sitting around, say i know let's fire it in a canon across the border it sounds like a great idea. melissa: that is entrepreneurialism. >> where there is a will there is a way. melissa: today's date is 12/12/12, the last time we'll see a triple date for...